THE IDLEWILD TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted funds of £6,549,520 at year-end, having adopted a spend-out policy with the expectation that assets will be exhausted between 2035 and 2045. The trustees report that the going concern basis of accounting is appropriate and no material uncertainties were identified by the auditors regarding the charity's ability to continue operations.
What the accounts disclose
“The Trustees aim to distribute at a higher level until all the assets are spent which is expected to be sometime between 2035 and 2045, depending on the performance of financial markets.” — page 4
Trustees
- Nancy Bellchair
- Dr TESSA MURDOCH
- James Brooke Turner
- Matthew Lewis Hargreaves
- Rachael Williams
- Robert Ian Gowing
- Serena Worthington
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £131k | £389k |
| 31/12/2024 | £140k | £352k |
| 31/12/2023 | £172k | £269k |
| 31/12/2022 | £160k | £254k |
| 31/12/2021 | £140k | £195k |
Common questions
Is THE IDLEWILD TRUST financially healthy?
The accounts state that the charity held unrestricted funds of £6,549,520 at year-end, having adopted a spend-out policy with the expectation that assets will be exhausted between 2035 and 2045. The trustees report that the going concern basis of accounting is appropriate and no material uncertainties were identified by the auditors regarding the charity's ability to continue operations. Its FY2024 accounts were audited by RPG Crouch Chapman LLP.